Finance Minister K Anbazhagan on Friday presented a ‘please-all’, tax-free, deficit budget for 2010-11, apparently with an eye on the next year’s Assembly elections. The budget’s main thrust was on the agriculture, education and social sectors. Most of the tax concessions announced by him aim at wooing women as well as traders.
Major highlights include a substantial hike in the procurement price of sugarcane (from Rs 1,650 to Rs 2,000 per tonne), crop loans of Rs 2,500 crore, tax concessions for essential food commodities, scrapping of tuition fees for postgraduate students in government arts and science colleges, several welfare measures for the differently-abled, and new flood protection works at a cost of Rs 609 crore.
The allocation for the Scheduled Castes Sub-Plan has been raised to Rs 3,828 crore, which is 19 per cent of the total plan outlay.
Giving the fiscal projection for the forthcoming financial year, the minister said the total revenue receipt was estimated at Rs 63,091.74 crore and the total revenue expenditure was projected at Rs 66,488.19 crore, leaving an uncovered deficit of Rs 3,396.45 crore.
Source : http://www.expressbuzz.com/edition/story.aspx?Title=TN+presents+please-all+budget&artid=6c1NJGYrju4=&SectionID=vBlkz7JCFvA=&MainSectionID=vBlkz7JCFvA=&SEO=K+Anbazhagan,+Scheduled+Castes+Sub-Plan&SectionName=EL7znOtxBM3qzgMyXZKtxw==
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